Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: crypto1010 on March 02, 2020, 12:42:20 PM
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(https://preview.redd.it/pr4f7sih68k41.jpg?width=1280&format=pjpg&auto=webp&s=90822dd317677a0dd30bedca4797862f17c7d6ac)
Builders at work.
Tesla has released major announcements over 2019, with each leading to a major price action. Interestingly, some led to price plummets.
Seemingly, it wasn't even the viral announcement of the Cybertruck that pushed the stock up. The rally began with Model X receiving the record scores in Europe. This is rationalized by the fact that European countries are adopting electric cars at a faster pace than even the US.
Will TSLA Outperform Bitcoin in 2020?
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Tesla(TSLA) stock is outperformed Bitcoin why everyone seems surprised? Tesla product is a technology that exists in real-life and used by many people around the globe so I'm not surprised at all, while I believe in the cryptocurrency and its value particularly Bitcoin. but it has huge incomparable differences in terms of use case and product value.
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TESLA is the latest technology that has great practical application. First of all, these are electric cars that are developing rapidly and have become in great demand because of their environmental friendliness and economy. Some European countries, such as Sweden, are already planning from the thirties to abandon cars with gasoline and diesel engines so as not to pollute the environment. Therefore, of course, Tesla shares should soar.
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Well, accordingly both assets (Tesla and Bitcoin) have in common as what this article (https://www.forbes.com/sites/leeorshimron/2020/05/05/tesla-and-bitcoin-have-more-in-common-than-you-think/#5a42f40914e7) pointing out.
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Yesterday I read the information that batteries for electric cars were invented in China, which will have a mileage of two million kilometers. Such a battery for a car will practically last forever. If we put such a battery on Tesla, then given our transition to the use of alternative sources of energy production, this will be a new era for automobiles. One of the main advantages is the purification of the environment.
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In my opinion, this is quite natural. This is now one of the most promising types of business, which will have a huge impact on the future development of the global automotive industry. And this is a real, not a virtual world and a real kind of business. It will always be valued higher.
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It's no surprise that TESLA shares outperformed the rise in bitcoin prices. TESLA is a really developing product that people need right now. Cryptocurrency will always give way to such new developments as it is based on trust and not on the real products of our physical world.
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The TESLA campaign is primarily about electric cars, which have a great future due to the increasing desire of people to use technologies that would not pollute the environment. The countries of the European Union have already refused to purchase cars with gasoline and diesel engines since 2030. Surely other states will follow them. This campaign belongs to Elon Musk, who also develops rocketry with the aim of conquering near space and, above all, Mars and the Moon. These projects are also promising and very profitable. Real and practical projects have always been highly valued.
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For at least the last year, Elon Musk's activities have been very productive and therefore there are no prejudices for investors regarding investments in his projects. this applies not only to the electric vehicle industry, but also to the space industry.